When people turn their savings over to a financial advisor and a firm like Merrill Lynch, they expect their money to be managed responsibly and in keeping with their goals, their age, and their tolerance for risk. Rose Law is investigating whether that trust was broken in accounts handled by Merrill Lynch advisor Fabio de Andrade.
Inspired Healthcare Capital's bankruptcy filings raise serious questions about whether brokers missed, ignored, or never adequately investigated red flags.
The poor performance of these investments reflects negatively on advisors, suggesting a conflict of interest and puts into question their legally required commitment to serve the best interests of their clients.
In our ongoing efforts to serve investors, Rose Law is representing individuals who purchased GWG L Bonds. These bonds were issued by GWG Holdings, Inc., which defaulted in 2022, significantly impacting numerous investors left holding worthless investments. Decoding the GWG L Bonds Fiasco Various broker-dealers were negligent in the sale of GWG L Bonds. Broker-dealers should [...]
Nearly 27,000 retail investors who are owed approximately $1.6 billion were the last to find out about GWG Holdings, Inc.’s serious financial troubles.
The official Committee of Bondholders of GWG Holdings Inc. has filed a legal motion in GWG’s chapter 11 case in support of L Bond investors and listing several serious allegations against GWG.
As GWG Holdings continues to struggle, investors are left holding the bag on millions of dollars of its failed L bonds. Many of those investors should never have been invested in the risky bonds in the first place.
GWG L bond investors are facing significant losses as GWG Holdings navigates both bankruptcy and class action lawsuits. Despite the bonds offering high interest dividends, the GWG L Bonds were poorly secured, unlisted and unsellable once purchased, while also being aggressively auto-renewed. This combination of high risk and illiquidity should have meant that they [...]
GPB agrees to have an independent monitor oversee the firm’s operations before court forces the issue.
GPB has been the focus of multiple accusations that has led to the indictment of its Managing Director and CCO and class action lawsuits. The Wall Street Journal is now reporting that at least seven states, including Missouri, have filed allegations against GPB Capital Holdings alleging "massive fraud" in a "Ponzi-like scheme that fleeced [...]